Search Results for: kenya power
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BRAND & SUSTAINABILITY
Kenya Power launches new sustainability strategy
Kenya Power has officially launched its Sustainability Strategy that will provide a roadmap for the entrenchment of sustainable business operations within the Company. The Strategy will drive the implementation of measures to reduce environmental carbon footprint, prioritisation of inclusivity and well-being of the Company’s stakeholders, responsible utilization of resources, and upholding of corporate and ethical practices. The Strategy also identifies…
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ENERGY
Kenya Power Announces Kshs.30 Billion in Net Profit For The Financial Year 2023/24
Kenya Power recorded a KShs.30 billion net profit for the year ended 30th June 2024. The improved profitability was mainly supported by growth in revenue from electricity sales as well as decreased finance costs due to the strengthening of the Kenya Shilling against major global currencies. During the year, electricity sales increased by 21% to KShs.231.12 billion from KShs.190.98 billion…
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ENERGY
[BREAKING] Kenya Cancels Controversial KSh95.68 Billion Power Deal With Adani
Kenya has cancelled the controversial KShs 95.68 Billion (USD 736m) deal with Adani Energy Solutions for the development of transmission lines and sub-stations. The cancellation comes just a few hours after Gautam Adani was charged with fraud in the US. Adani has been accused of orchestrating a $250m bribery scheme and concealing it to raise money in the US. In October,…
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ENERGY
Kenya Seals KSh95.68 Billion Power Project Deal with Adani
Kenya Electricity Transmission Company Limited (KETRACO) has signed a new deal with Adani Energy Solutions for the development of transmission lines and sub-stations. According to a statement from Opiyo Wandayi, the Cabinet Secretary for Energy and Petroleum, ”the agreement marks the beginning of a transformative initiative to develop, finance, construct, operate, and maintain key transmission lines and substations across Kenya.…
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CLIMATE CHANGE
Can AI help us better prepare for climate-related disasters in Kenya?
After years of drought, the sudden arrival of heavy rain that began in Kenya late last year seemed like a long-awaited turn in fortune. However, as the rain continued to fall, the celebrations quickly turned into a nightmare, with people swept away and homes completely inundated. Indeed, for many in Kenya the catastrophic floods that shook the nation earlier this…
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BRAND & SUSTAINABILITY
Lake Turkana Wind Power releases 2023 Sustainability Report
Lake Turkana Wind Power (LTWP), Africa’s largest wind power project has launched its 2023 Sustainability Report. The launch marks a significant milestone in the company’s ongoing commitment to environmental stewardship, social responsibility, and economic development. The 2023 Sustainability Report highlights LTWP’s substantial contributions to Kenya’s economy, energy sector, environment and its continued investment in the development of the Laisamis region that surrounds…
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CLIMATE CHANGE
Daniella Nyakuraya: Ways The Kenyan Real Estate Sector Can Tap Into The ESG Agenda To Make An Impact
Since the Environmental, Social, and Governance (ESG) concept started taking shape, there have been various campaigns encouraging businesses globally to adopt more sustainable business practices, pushing them to shift their attention from product and service delivery to sustainability. Despite ESG reporting not having gained much traction in Kenya, we are gradually incorporating it into company standards. The Kenya Companies Act of…
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AFRICA & MENA
Watu and Spiro partner to improve access to affordable financing for electric motorbikes in Kenya
Asset financing company Watu Credit and SPIRO, a pioneer in sustainable urban mobility solutions, have announced a partnership to improve access to affordable financing for electric motorbikes in Kenya. Spiro has set up a headquarters in Mombasa, and has the largest electric two-wheeler fleet in Africa with over 10,000 bikes deployed in Kenya, Benin, Togo, Rwanda and Uganda. Speaking during the announcement, Erick Massawe, Kenya…
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NEWS
Kenya setting the pace in EV adoption in Africa
Electric Vehicles (EV) are gaining momentum in Kenya thanks to the government’s National Electric Mobility Plan, which focuses on creating a more green transportation system and rolling out diverse initiatives for sustainable road traffic management. In April this year, Kenya Power released a report that revealed how the country has witnessed increased interest from local and international stakeholders keen on…
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NEWS
Julius Juma: Financing sustainable energy will unlock Kenya’s food security potential
Sustainable agriculture has been identified as a critical pillar in the quest for food security. With a rapidly growing human population, expected to reach 10 billion by 2050, there is an urgent need for sustainable ways of producing sufficient, nutritious food for all, while addressing the impact of climate change on agriculture. As defined, sustainable agriculture generally refers to…
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